NOWNodes gives a great opportunity to join the TON blockchain or to lighten your crypto infrastructure. Connect to the full TON node now!
The Open Network (TON) is a fully decentralized layer-1 blockchain that was originally built by Telegram in 2018 to onboard billions of its messenger’s users. Toncoin utilizes the proof-of-stake (PoS) consensus model for network scalability and reliability. Toncoin (TON) is the native cryptocurrency of the TON network
Generally it is used for transaction fees, securing the blockchain through staking, deciding how the network develops, and settling payments. The developers focus on scalability, efficiency and mass adoption.
In September 2021, the network processed a then-world record of 55,000 TPS during a contest, although the current TPS could be in the hundreds of thousands or even millions. This feature allows the project to grow rapidly while avoiding performance losses. At the same time, the project does not harm the environment. The current TON’s supply is 1.22B TON with a maximum of 5B TON.
Despite the existence of many other cryptocurrencies, TON has a lot of advantages and here are just a couple of them
Cryptocurrencies are typically decentralized, meaning they are not controlled by any central authority or institution. This can offer benefits such as increased security and privacy, as well as the potential for greater transparency and accountability.
TON facilitates transactions more quickly and efficiently than most of the coins in the industry. Therefore, transactions can be processed in real-time or near real-time, without the need for intermediaries like banks.
TON is programmable, meaning that it can be used to build decentralized applications (DApps). These DApps can have a range of use cases, from financial services to social media platforms to online marketplaces. This programmability can make cryptocurrencies more versatile and valuable than traditional payment systems.
Full Node and Blockbook Explorer are available for the TON Blockchain. You can obtain access to the TON Ecosystem via using your personal API key, which you need to create in your profile page.
Once you gain access to your API key, all that's left for you to do is head over to the official documentation, where you may get all of the commands required to establish a connection.
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